Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stock Upgrades: Who Needs an iWatch When There's Fossil?

By

Wall Street ratings agencies set the tone for today's stock market.

PrintPRINT
An 18-day delay in the employment report sent investors back to the futures and helped equities hit another historic high. As we approach November, it is increasingly hard to Try to Remember September, and 148,000 jobs added last month was far from Fantastick. Yet the Goldilocks number was clearly good enough for many on Wall Street, who now bet the Fed will continue its quantitative easing. With the World Series starting tonight, it paid to play the Field of Dreams. "Is this Heaven? No, it's Iowa" was right on the money as Hawkeye State hero Whirlpool (NYSE:WHR) surged some 11.62% to top the S&P 500 Index (INDEXSP:.INX). (Kiss me, Kate.) Elsewhere Apple Inc. (NASDAQ:AAPL) eased off 0.29%, snapping a nine-session winning streak after its ho-hum product refresh at San Francisco's Yerba Buena Center for the Arts, where the The Sisters of Perpetual Indulgence are currently the hottest ticket in town. Appropriate, as waiting for the Cupertino company's eternally-delayed iWatch and TV offerings are similarly testing the patience of Jobs. And with stocks staring at the stars, our recent debt ceiling crisis has clearly taken a toll on the Capitol Dome, about to undergo a $60 million repair job.

Hump Day of peak week for third quarter earnings is here, with AT&T Inc. (NYSE:T), Boeing (NYSE:BA), Caterpillar (NYSE:CAT), F5 Networks (NASDAQ:FFIV), GlaxoSmithKline (NYSE:GSK), and WellPoint (NYSE:WLP) among a multitude of companies releasing results.

Apollo Group (APOL): The University of Phoenix owner, surging some 16.52% as we speak, gets upgraded to Buy from Hold at Stifel.

AXA SA (OTCMKTS:AXAHY): The European financial firm is increased to Outperform from Sector Perform at RBC Capital.

BBCN Bancorp (NASDAQ:BBCN): BMO Capital raises the regional bank to Outperform from Market Perform.

Consolidated Edison (NYSE:ED): UBS increases the electric utility to Neutral from Sell.

C.R. Bard (NYSE:BCR): Shares are now Neutral from Sell at Goldman Sachs.

DuPont (NYSE:DD): JPMorgan gives a post-earnings upgrade to the Dow (INDEXDJX:.DJI) member, now Overweight from Neutral. Its price objective, previously $60, increases to $67.

Finish Line (NASDAQ:FINL): The stock is boosted to Buy from Hold at Canaccord Genuity.

Fossil (NASDAQ:FOSL): Yesterday's Apple Inc. (NASDAQ:AAPL) event came and went with still no iWatch, but this old-timey watchmaker apparently never gets old. Shares, already up an impressive 38.03% over the past 12 months, are today taken to Overweight from Neutral at Piper Jaffray.

Eaton Vance (NYSE:EV): EV is increased to Outperform from Underperform at Credit Suisse.

Lloyds Banking Group (NYSE:LYG): Keefe Bruyette lifts the British bank to Perform from Underperform.

Medtronic (NYSE:MDT): The medical device maker gets a Buy-from-Hold hoist at Deutsche Bank.

Morgans Hotel Group (NASDAQ:MHGC): Shares of the accommodation outfit are now Buy from Neutral at MKM Partners.

Morgan Stanley (NYSE:MS): MS is moved to Outperform from Neutral at Mediobanca.

NuStar Energy (NYSE:NS): Morgan Stanley itself moves this stock to Equal-Weight from Underweight.

Papa John's International (NASDAQ:PZZA): The pizza maker gets boosted to Buy from Neutral at Janney

Peoples Bancorp (NASDAQ:PEBO): Raymond James juices the regional bank to Outperform from Perform.

Syngenta (NYSE:SYT): HSBC Securities hoists the stock to Overweight from Neutral.

(See also: New Stock Coverage: Mel Karmazin Worth $255.4 Million a Year? You Cannot Be Sirius and Stock Downgrades: ARM Gets Thumbs Down in Apple Fallout)
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE